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onehandle

(51,122 posts) Wed Jan 25, 2012, 11:55 AM Jan 2012

Apple tops Exxon as most valuable U.S. company (and in the world)

Apple nudged out oil giant Exxon Mobil early Wednesday to become the most valuable publicly-traded company in the world. The company's stock surged 8% at the open to $454.44 a share, one day after Apple reported the best quarterly results in history for a tech company. That spike pushed the company's market value to $418 billion.

At that level, Apple (AAPL, Fortune 500) has surpassed the perennial champ, Exxon (XOM, Fortune 500), which has a market value of $416 billion.

Apple's stellar quarter included a 73% jump in sales to $46.3 billion, a tech industry record. The company said its fiscal first-quarter profit more than doubled from a year earlier, rising to $13 billion, or $13.87 per share.

It was one of the most profitable quarters ever for any U.S. company, trailing only Exxon's record-setting $14.8 billion quarter from the fall of 2008, when oil prices were at an all-time high.

http://money.cnn.com/2012/01/25/markets/apple_stock/index.htm?section=money_topstories

A LOT of analysts have egg on their face today. After Steve Jobs died they yelled sell! sell! sell!!

9 replies

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Apple tops Exxon as most valuable U.S. company (and in the world) (Original Post) onehandle Jan 2012 OP

I wonder how Mr. Gates feels about this? nt bemildred Jan 2012 #1

This message was self-deleted by its author Tesha Jan 2012 #3

And quite a few others. bemildred Jan 2012 #4

My computer is a shoebox full of old transistors, hooked up to a black and white CRT. onehandle Jan 2012 #5

LOL. I do miss DOS. bemildred Jan 2012 #6

And with that, outsourced slave labor is now normalized and rewarded. tridim Jan 2012 #2

The creativity of his spirit soars onward, beckoning the evolution of imagination to persevere. Thaddeus Kosciuszko Jan 2012 #7

That sounds almost like Soviet propaganda. 2ndAmForComputers Jan 2012 #8

That is all you have to do. Thaddeus Kosciuszko Jan 2012 #9

bemildred

(90,061 posts)

1. I wonder how Mr. Gates feels about this? nt

Reply to onehandle (Original post)

Wed Jan 25, 2012, 12:03 PM

Jan 2012

Response to bemildred (Reply #1)

Tesha This message was self-deleted by its author.

bemildred

(90,061 posts)

4. And quite a few others.

Reply to Tesha (Reply #3)

Wed Jan 25, 2012, 12:28 PM

Jan 2012

I've always been fond of closed hardware platforms, because they "just work", but the rap was always that they were too expensive and hence could not compete. This finally seems to put the lie to that.

onehandle

(51,122 posts)

5. My computer is a shoebox full of old transistors, hooked up to a black and white CRT.

Reply to bemildred (Reply #4)

Wed Jan 25, 2012, 12:40 PM

Jan 2012

Running my own code from the 1970s.

You can keep your 'walled garden,' hippie.

bemildred

(90,061 posts)

6. LOL. I do miss DOS.

Reply to onehandle (Reply #5)

Wed Jan 25, 2012, 01:20 PM

Jan 2012

Absolute control, right down to the CPU. The absolute freedom to blow your own leg away (figuratively speaking) if you felt like it. I learned a lot that way.